State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-10 > Statute-47-10-21

47-10-21. Nonstockholder members--Right to share in surplus. Nonstockholder members of a business development credit corporation shall not share in any surplus of the corporation in excess of the obligations due such nonstockholder members.

Source: SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (e).

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-10 > Statute-47-10-21

47-10-21. Nonstockholder members--Right to share in surplus. Nonstockholder members of a business development credit corporation shall not share in any surplus of the corporation in excess of the obligations due such nonstockholder members.

Source: SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (e).